Germany's Rheinmetall (RHMG.DE) beat BAE Systems (BAES.L) to a $2.5 billion (1.79 billion pounds) Australian order for armoured reconnaissance vehicles, which comes on top of an existing major contract with the country for utility vehicles. The Australian defence ministry will now enter exclusive final negotiations with Rheinmetall, the company said in a statement on Wednesday. If the contract is finalised, the 211 Boxer vehicles will be built by Australian workers, using Australian steel and will create up to 1,450 jobs, Prime Minister Malcolm Turnbull and the defence ministry said in a separate statement.

German arms manufacturer Rheinmetall Landsysteme has beaten British rival BAE Systems to win a A$5bn ($3.9bn) contract to build more than 200 combat reconnaissance vehicles for the Australian defence forces. ...

Saudi Arabia and the British government reached a preliminary agreement on a long-stalled deal for 48 Eurofighter Typhoon combat jets, boosting the prospects for BAE Systems PLC, Europe’s largest weapons ...

Britain agreed on Friday to finalise talks with Saudi Arabia on a multi-billion pound order for 48 Typhoon aircraft, the fighter plane's maker BAE Systems (BAES.L) said. BAE, Europe's biggest defence contractor, has long awaited a major Saudi order for Typhoons, and slowed production in 2016 to ensure it would remain competitive. The memorandum of intent was signed after Saudi Crown Prince Mohammed bin Salman met with British defence minister Gavin Williamson.

Saudi Arabia took a step closer to buying 48 Typhoon fighter jets from BAE Systems at the end of Mohammed bin Salman’s UK visit, raising hopes of completing the long-delayed multibillion-pound deal. A ...

Saudi Arabia has signed a memorandum of intent with the UK to buy 48 Typhoon aircraft, marking one of the major outcomes from Crown Prince Mohammed bin Salman’s three-day trip to London. The memorandum, ...

BAE Systems withdrew its sponsorship of this summer’s Great Exhibition of the North late on Wednesday, saying it has decided “to redirect our support to other initiatives better suited to both our skills ...

BAE Systems forecast flat 2018 earnings on Thursday as it adjusts to lower production of Eurofighter Typhoon jets, sending shares in the British defence company lower. The guidance reflects organisational changes and new accounting standard IFRS 15, said BAE, which is building Britain's new nuclear submarines and provides electronics for the F-35 combat jet. BAE shares were down 2.3 percent at 587 pence at 1026 GMT.

BAE Systems forecast flat 2018 earnings on Thursday as it adjusts to lower production of Eurofighter Typhoon jets, sending shares in the British defence company lower. The guidance reflects organisational changes and new accounting standard IFRS 15, said BAE, which is building Britain's new nuclear submarines and provides electronics for the F-35 combat jet. BAE shares were down 2.3 percent at 587 pence at 1026 GMT.

The opportunity for BAE Systems to win new orders for the Eurofighter Typhoon was "as good as it has been in quite some time", said the British defence company's chief executive on Thursday. "The opportunity book for Typhoon is as good as I've seen it in the last two years and probably as good as it's been in quite some time," CEO Charles Woodburn told reporters on a call. The Eurofighter, a joint project between BAE, France's Airbus and Italy's Leonardo, was buoyed by a 24-jet 5 billion pound deal with Qatar last December.

BAE Systems will provide Malaysia a UK government-backed financing deal if it decides to replace its fleet of combat jets with the Eurofighter Typhoon, senior company officials said. Malaysia has for several years been weighing France's Rafale jet and the Eurofighter Typhoon, built by a European consortium including Britain's BAE, as it looks to buy up to 18 jets to replace its Russian MiG-29s - most of which are grounded.

Large-cap companies such as BAE Systems plc (LSE:BA.), with a market-capitalization of £18.08B, are much sought after by risk-averse investors who find diversified revenue streams and strong capital returns moreRead More...

Britain's biggest ever warship, the new 3.1 billion pound ($4.2 billion) aircraft carrier HMS Queen Elizabeth, has a leak and needs repairs, the Ministry of Defence (MoD) said on Tuesday. The 65,000-tonne ship, hailed as Britain's most advanced military vessel and which was only officially commissioned by the Queen two weeks ago, has an issue with a shaft seal which was identified during sea trials, the MoD said. "This is scheduled for repair while she is alongside at Portsmouth," a Royal Navy spokesman said.

Jan.23 -- Roger Carr, chairman of BAE Systems, discusses the outlook for the company and impact from the Trump administration. He speaks with Bloomberg's Erik Schatzker on "Bloomberg Markets" at the World Economic Forum's annual meeting in Davos, Switzerland.